Restaurant Brands: 4Q Earnings Snapshot

Associated Press |

OAKVILLE, Ontario (AP) _ Restaurant Brands International (QSR) on Monday reported fourth-quarter net income of $163 million.

On a per-share basis, the Oakville, Ontario-based company said it had profit of 64 cents. Earnings, adjusted for non-recurring costs, came to 68 cents per share.

The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 67 cents per share.

The operator of Burger King and Tim Hortons restaurant chains posted revenue of $1.39 billion in the period, which also topped Street forecasts. Six analysts surveyed by Zacks expected $1.38 billion.

Restaurant Brands shares have risen 20 percent since the beginning of the year. The stock has climbed 11 percent in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on QSR at https://www.zacks.com/ap/QSR

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